Jobs & the Economy

Congressman Ed Perlmutter has introduced legislation that would allow legal action against corporate corruption. The Foreign Corrupt Practices Act, introduced by the congressman last week, would give individuals and companies the ability to take legal action against corporations that violate the anti-bribery provisions. Recent reports of high profile corruption, such as the Panama Papers and Unaoil, allege financial kickbacks and monetary payments to government officials in return for contracts ...
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A Congressman from Colorado has introduced legislation that would allow private legal actions against companies under the Foreign Corrupt Practices Act. Citing recent corruption scandals, Rep. Ed Perlmutter (D., Colo.) pitched The Foreign Business Bribery Prohibition Act as a way to halt bribery abroad without adding to the deficit. “This legislation helps encourage foreign companies to play by the rules or be brought to court. Most importantly, it is a way to level the playing field and help U....
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Washington, DC – U.S. Rep. Ed Perlmutter (CO-07) successfully included an amendment to the National Defense Authorization Act for Fiscal Year 2017 that would allow mixed use development on nearly 1,000 acres in Commerce City near the Rocky Mountain Arsenal National Wildlife Refuge. The amendment removes deed restrictions on land that were put in place after the closure and cleanup of the Arsenal in the early 1990s. Commerce City purchased the land in the early 2000s but have not been able to dev...
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Content originally published by the American Banker on February 29th, 2016. A bank regulatory relief plan put forward by Federal Deposit Insurance Corp. Vice Chairman Thomas Hoenig is getting support in the House. Rep. Ed Perlmutter, D-Colo., introduced legislation on Friday that would implement Hoenig's plan by providing regulatory relief to "traditional banks" that hold no trading assets, hold only interest rate and foreign exchange derivative positions with exposure of less than $3 billion a...
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Content originally published by the Golden Transcript on February 23rd, 2016. There are a lot of pluses to hiring a mature worker — they’re responsible, loyal and trainable. “They bring a lot to the table,” said Bert Hendricks, regional veteran’s employment representative for Colorado. “I think employers recognize that, also.” Hiring companies do place value on experience, rather than age, he added. Hundreds of people attended a Baby Boomer Career Fair on Feb. 19 at the Jefferson County Fairgro...
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Content originally published by Marijuana Business Daily on February 23rd, 2016. The past year wasn’t a particularly good one for the cannabis industry in one key area: banking. Several financial institutions that openly served marijuana businesses – or had planned to – pulled back in the first half of 2015, citing the high cost of compliance. The industry then suffered a major setback in January of this year, when a court essentially ruled against a cannabis-focused credit union that was seeki...
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Content originally published by the Denver Business Journal on February 19th, 2016. When it comes to global economics, the equations and answers are not always easy. But if the U.S. sticks to a plan of investing in developing countries, it will be economically rewarded, the speakers said. That was the key message Thursday from U.S. Trade and Development AgencyDirector Leocadia Zak and U.S. Rep. Ed. Perlmutter, D-Golden. The two were keynote speakers at the U.S. Global Leadership Coalition lunch...
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Content originally published by CNN Money on February 10th, 2016. Federal Reserve Chair Janet Yellen and Congress don't see eye to eye. Yellen testified for over three hours before the House Financial Services Committee Wednesday and lawmakers heavily criticized the Fed's monetary policy, the state of the economy and even high rates of black unemployment. Yellen returns to Capitol Hill Thursday to testify before the Senate. Here's a few key takeaways from Yellen's first day on Capitol Hill. 1. ...
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